NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Vulcan Value Partners, LLC's Holding History (CIK: 0001556785)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014
Shares 300 Value ($000) $28 Avg Close — Range —
Q2 2014
Shares 580 Value ($000) $53 Avg Close — Range —